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<br />7~ff SAYIP;IL'68 PL13~l~i
<br /> FOnrs No.72G
<br /> Loan Pfumbe*---§Ot$~__ _i$$-- -_1----
<br />
<br />79° ii;;l t~IdRTGAGE
<br />THIS hfORTGAGF, made and executed this '
<br />~L __....... day of ......- .f A.D.,
<br />- --
<br />19_~~._, between the Mortgagor. .Thomas A. Nolan and Sharon L. Nolan, us and and wife,
<br />jointly and each in their own right
<br />of .._~rand_ Zsland_...-.._ County of -_.Hail _, State of ...-Nebraska....., hereinafter referred
<br />tQ as the Borrower, and the Mortgagee, FIRST F;=,DERAL SAVINGS AND LOAN ASSOCTATIOIti' OF
<br />LINCOLN, 1235 "N" Street, T~incoln, Nebraska 68591, its successors and :.signs, her^inafter referred to
<br />as Lender.
<br />. FntlTy FOUR THOLtSAND
<br />~r~iiT•rsssETx: Thai the said Borrower for and in consideration of the sum or -..-.--.- ..................__.....-.
<br />;sND NOf100------------------------------------------~oilars (US u...44.:.000.00...-.._.-.. -...}
<br />paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns.; the
<br />foUawing described property located in the County of -.Hall - - - ._ _..,_,._,..., State of Nebraska:
<br />Lot Seven (7}, R. ~ B. Subdivision, Hall County, Nebraska
<br />TOGETHER with all the improvements now or hereafter erected on the property, and aA easements,
<br />sights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water, water rights, and
<br />water stock, and all fixtures now or hereafter attached to the property, all of which, irscluding replace-
<br />ments and additions thereto, shall be deemed to be and remain a part of the property covered by this
<br />Mortgage; and ail of the foregoing, together with said property (or the leasehold estate in the event this
<br />ivlortgage is on a leasehold j are herein referred to as the "Property".
<br />Borrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right
<br />to mortgage, grant and convey the Property, that the Property is unencumbered, and that Borrower will
<br />warrant and defend generally the title to the Property against all claims and demands, subject to any
<br />easements and restrictions listed in a schedule of exceptions to coverage in any title insurance policy in-
<br />suring Lender's interest in the Property, or f2) attorney's opinion of title from a~siract of title certified
<br />by bonded abstracter.
<br />Pxovtuan Ai.w~vs, a_nd these presents are executed and delivered upon the f311ow=:ng conditiena, ag'-'ee-
<br />me.*:ts and ohligat:ons of the Borrower, to-w.t:
<br />~~_ n_.~___ r -- --
<br />:„c ~,;,.~:ver asr}~.- _~~ pav to the Tinder, or arde-, the p ncipal s of F;7K~f •'t% a _ ................
<br />.. c.., a.~ ~ki~as ~t
<br />. ~ _,.: , 0U_-.-------_---.a--,. -- n _ ...-.. 44 , €113L . V V
<br />tsli).'t~stl-k....-.... ____ _ - ------_w-.--_--..-_-~..__~_. IlollarS (US $...__ ..
<br />payable as provided in a note executed and delivered, concurrently herewith, the final payment of principal,
<br />if not sooner paid, on the .-Fir-at- ---------. day of .........August..--_----------.... , 1FK_2009
<br />UYtFOent Covax,~x°rs. Borrower and Lender covenant and agree as Follows
<br />1. Payment of Principal and Interest. Borrower shall promptly pay when due the principal of and in-
<br />terest on the indebtedness evidenced by the Note, prepayment and late charges as provided in the Note,
<br />and the principal of and interest. on any Future Advances secured by this Mortgage.
<br />2. Funds for Taxes <md Insurance. Suhiect to Lender's option under paragraphs 4 and 5 hereo#, Bor-
<br />rower shall pay to Lender on the day monthly installments of principal and interest are payable under the
<br />Note, until the Note is paid in full, a sum (herein "Funds") equal to one-twelfth of the yearly taxes and
<br />assessments which may attain priorit,V over this itlorf:gage, and ground rents on the Property, if any plus
<br />one-twelfth of yearly premium installments for hazard insurance, plus one-twelfth of Yearly premium in-
<br />stallments for mortgage insurance, if any, all as reasonably estimated initially and from time to time by
<br />Lender on the basis of assessments and bills and reasonable estimates thereof, Lender shall apply the Funds
<br />to pay said taxes, assessments, insurance premiuus and ground rents. Lender shall make no charge for sa
<br />;'.oiding ar-,d applying the Funds or verifying and compiling said assessments and bills. The Lender shall
<br />give ~o the Borrower, without charge, an annual accounting of the Funds showing credits and debits to the
<br />Funds and. the purpose for which each debit to the Funds was made. The Funds are pledged as additional
<br />security for the sums secured by this Mortgage. The Borrower agrees that the Funds may be hold by the
<br />Lender-and commingled with other funds and the Lender's own funds and the Lender may pay such items
<br />from its-own funds sad the Lender shall not be liable for interest or dividends on such Funds.
<br />If the amaant of the Funds herd by Lender, together with the future monthly installments of Funds
<br />payable prior to the due dates of t: acs, assessments, insurance premiums and ground rents, shall exceed
<br />the amount required to pay said taxes, assessments, insurance premiums and ground rents as they fall due,
<br />such excess shall be, at Borrower's option; either promptly repaid to Borrower or credited to Borrower on
<br />:uonthly iustallments of Funds. If-.the amount of the Funds geld by Lender shall not he sufficient to pay
<br />taxes, assessments, insurance:premiums and ground rents as they fall due, Borrower shall pay to Lender
<br />any amount neces<4ary tQ make up the- defciency within thirty days after notice fram Lendez to Borrower
<br />rc_'av_~t;ng pavma„t. ±h~wss or R..~o~,cr sh-all ~ an in,.rense in mon:l-,ly installments of Funds ,~quir~d,
<br />repay the deficiency witliirt the Fund a~cco~tiag perind.
<br />Upon payment in fuu of all sums secured by this Mortgage, Lender shall apply Funds held as a credit
<br />against. ail sums due.
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